the Fed artificially manipulates interest rates lower by buying UST's which allows the banks to borrow from the Fed at close to nothing.  currently 0-0.25%.  this encourages these bastards to hand out money like candy to anyone with a pulse like in the subprime loan fiasco.  banks only care about getting the fees and dump the actual subprime loans on investor/ pension funds all over the world.  average people see that they can borrow cheaply and start flipping homes (Ponzi) to each other driving the price ever higher until the whole ponzi bubble explodes and lotsa people get hurt.

OMG!! You should just kill yourself. If you dont like fait currency then dont use them. If you use them then your a hypocrite plain and simple. People are so stupid that they will follow anything they are told. Maybe you should sacrifice a virgin.

People fail to realise that using gold or silver makes a monetaty system more manipulable. Just look at what OPEC did in the 70s and oil is far more abundant than gold or silver. If a monetary system is only backed by metals then poverty increases. Over the last 90+ years poverty has fallen. People fail to realise that a metal backed currency can not expand to meet todays global economy.

If you want to play semantics we can. Most countries hold gold and silver in their national bank. The US Federal Reserve hold billions of dollars in gold and silver that belongs to the people. Just because you cant trade your dollars for gold and silver doesnt mean that its not backed by gold and silver. Just because it belongs to the people doesnt mean you can have access the item. For example, you cant go into the mayor's office of your city and use the computer in that office just because you want to.

Most people can only see one side to this issue. They are told one thing and thats all they know. They cant think about the other side. This makes those people simple thinkers with inablity to think critically.

You know what? You're right, US dollars have no value, they're worthless. I can't believe I never realized that before but it's so obvious now that you've pulled the scales from my eyes. Thank you, sir!

As a token of my gratitude for enlightening me, I'm going to offer you a service for no charge: send me your worthless US dollars and I'll dispose of them for you. Oh, it'll be a heavy burden, but I'm willing to shoulder it for you, brother. Imagine the peace of mind you'll feel when you're free of all that debt!

from wikipedia:
"A pyramid scheme is a non-sustainable business model that involves promising participants payment, services or ideals, primarily for enrolling other people into the scheme or training them to take part, rather than supplying any real investment or sale of products or services to the public."

Yup. The U.S. Dollar's a pyramid scheme.

You have much to learn, son. Keep on it. You are almost there, but not quite.

You may CHOOSE to see it that way, but it's not the operation of the system. The system operates in an entirely different way than you are aware of.

This was not meant to be a lesson on money and debt. That's an entirely different thread.

Google "Promissory Note" and tell me how that promise to pay is any different than a US dollar, and then tell me how it has value other than as "debt".

In fact, If I were to write you a "Promissory Note" for 1 Million Dollars, and I sign it, it has as much value as 1 Million US Dollars. No shit!

Tip: don't start your post with an insult. That was mean and unnecessary. If you're going to be insulting, you should at least be correct. You're not.


You are suggesting that a gold/silver monetary system is "more manipulable" than a fiat paper system? That is incorrect. To manipulate gold markets, you must own gold or control stakes in gold markets via options, etc. One can certainly manipulate gold markets but it would be immensely expensive to do so. Contrast this with manipulating fiat paper money markets... you must merely input zeros in your central bank computer system. It's free to do so. The US Gov't is perpetually manipulating the money system by printing dollars to purchase treasury debt (quantitative easing). The ECB is perpetually manipulating the Euro supply to buy the debt of failing member states. China is perpetually printing Yuan to help keep the currency devalued vs. the dollar to encourage exports. All these things happen constantly and yet you want to claim fiat paper money is harder to manipulate than gold and silver money?  Really?

The "billions of dollars of gold and silver" does not belong to the people, contrary to what they might tell you. It belongs to the US Gov't and/or the Federal Reserve System. The fact that you can't trade your dollars for gold and silver IS PRECISELY WHY it is correct to say they aren't backed by those metals. There is no backing of US Dollars by any commodity, period. Dollars used to be backed by gold... not anymore. Dollars are fiat... printed at whim and for the express benefit of the Federal Government and the Federal Reserve System.



On this point, you are correct.

Let's just disregard the fact that I just revealed the bankers biggest secret in the whole world, and the one thing you are not supposed to know under any circumstances. Do not stop here, do not read or look. Move along sheeple. Move along.

so you can see how "debt backed money" only benefits the banksters b/c heads they win, tails you lose.

you're a banker, aren't you?

No deal. Maybe you ought to read bitrebel's posts again until you understand how the US dollar is worth no more than your mortgage. Worth less, in fact, because at least the mortgage is honest about being a debt. I'd be doing you a disservice by taking your mortgage instead of your dollars... and I just wouldn't be able to sleep at night knowing I'd done that.